Property news

How to Declare Airbnb Income to HMRC

Your Airbnb account says guests paid £800 for a stay, but a smaller amount reached your bank account. Which figure belongs on your tax return? If you only let the property for a few weekends, do you need to send a return at all?

The first job is to establish what HMRC expects for your type of letting. After that, you can collect the figures for the correct tax year, register if necessary and...

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Keep up-to-date with the latest property news in the UK.

Rental market takes a step back as demand falls -15% in Q4

Research by estate and lettings agent, Barrows and Forrester , reveals that the UK rental market has taken a step backwards due to Omicron, as rental demand has declined in the vast majority of major UK cities during the final quarter of last year.

The Barrows and Forrester Rental Demand Index monitors rental listings across the nation, taking an average demand score for each major...

1. A CGI of the Woodhall at Elan’s Avalon development in Glastonbury

Milestone for Glastonbury development

THE first residents have begun moving into new homes in Glastonbury. Elan Homes has welcomed homeowners to its Avalon development on Old Wells Road, where properties are selling well ahead of the build programme.

Demand is such that many of the 42 private-sale homes have either already been sold or have “early bird” reservations against them, giving eager buyers first refusal when...

Mortgage cost increases could hit London house prices the hardest

Market analysis by real estate debt advisory specialists, Sirius Property Finance , has looked at where Britain’s homebuyers are most reliant on the mortgage sector when making a purchase and where house price growth could stutter should monthly interest payments start to climb as a result of the latest interest rates increase.

Sirius Property Finance analysed property transactions...

Selling your home in 2022? This is how much you’re likely to have made

Research by MoveStreets, the property portal designed for the mobile generation, has revealed how much current homesellers are likely to have made when it comes to the price appreciation of their property across each region of the nation.

MoveStreets looked at the average length of time a property is...

Rental sector driving 80% increase in property values over the last decade

80% increase in property values over the last decade, driven by rental sector home values soaring

As a frantic year for the property market ends and a new one begins, research from the game-changing property platform, Boomin , has revealed that the total value of homes in England has increased by 80% over the last decade. And this growth has predominantly been driven by the value of...

Demand for London’s high end homes continues to climb

The latest property market analysis by London lettings and estate agent, Benham and Reeves , reveals which Prime London markets have experienced the strongest growth in demand during Q4 2021.

The PCL Homebuyer Demand Index by Benham and Reeves monitors demand for homes valued between £2-£10 million and £10 million and above based on the ratio of properties listed online that have...

£3.4bn worth of new homes sold so far in the last year

The latest research from Warwick Estates , has revealed where the new-build sector made the biggest impact on the property market in 2021 based on transaction levels and the total value of new homes sold.

The research shows that to date, 8,714 new homes were sold across England and Wales in 2021, accounting for 1.8% of total market activity. The combined value of these new-build...

January Savings: How can homeowners reduce outgoings this new year?

Estate agent comparison site, GetAgent.co.uk , reveals how homeowners can best go about saving money and reducing expenditure in January and throughout the new year.

Saving money is one of the UK’s favourite new year's resolutions, but it’s much easier said than done, especially when trying to keep a household up and running. To have any hope of reducing outgoings, a comprehensive...

First-time buyers borrowing more and for longer

The latest research by Birmingham estate and lettings agent, Barrows and Forrester , has revealed that while first-time buyers face the biggest financial hurdle to homeownership causing them to borrow more, it’s existing homebuyers that are now more stretched when it comes to their earnings and the amount they are required to borrow.

Barrows and Forrester analysed data from the...

Interest rate hike could see monthly mortgage approvals dip by more than 20%

Market analysis by real estate debt advisory specialists, Sirius Property Finance , has looked at how an increase in interest rates could dent our appetite for homeownership based on data trends seen over the last decade.

Sirius Property Finance analysed the level of monthly mortgage approvals seen over the last 10 years as well as the average mortgage interest rate for a two year...

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